Bihar Stamp Duty Exemption for Land Allotment

Under the Bihar Industrial Investment Promotion Policy-2016, land allotted to industrial units is eligible for a stamp duty exemption. The incentive waives the entire stamp duty payable on such allotments, which lowers the upfront cost a business incurs when acquiring land.

The exemption applies to units that obtain land through government bodies, including the Industrial Development Authority (IDA) and the Bihar Industrial Area Development Authority (BIADA). By directing the benefit to these planned industrial areas, the policy ties the relief to organised industrial development.

The stated purpose of the measure is to encourage new units to set up operations in Bihar and existing units to expand, with the aim of supporting economic development, job creation and industrial diversification in the state.

To claim the Stamp Duty Exemption, industrial units that meet the eligibility criteria must complete the application process set out under the wider Bihar Industrial Investment Promotion Policy-2016. In general, this requires:

- Filing a detailed application form with the nodal agency, which is usually the Bihar Industrial Area Development Authority (BIADA) or the concerned district industrial centre. - Attaching documents covering land allotment, particulars of the industrial unit, and evidence of compliance with the policy's overall eligibility criteria. - The concerned authority will scrutinise the application to confirm eligibility. - Once approved, the 100% stamp duty exemption is given effect either through the land allotment procedure or as a direct waiver, so no payment is required. - For the exact application forms, annexures to be enclosed, and submission guidelines, it is advisable to refer to the official policy document or get in touch with the relevant industrial department in Bihar.